FY 2018 Fourth Quarter Earnings Call
Q4 FY18 Adjusted-EBITDA: Seating
> Q4 FY18 Seating Adjusted-EBITDA of
$301M, down $102M y-o-y
> The positive benefits associated with the
Futuris acquisition and increased volume.
were more than offset by negative
business performance:
Increased freight and operational waste (i.e.
scrap and cost of poor quality)
$ in millions
$11
$12
$403
Negative operating performance (cost of
inefficient operations)
Net material margin performance (i.e. inability
to offset customer price downs with supplier
pricing and operational efficiencies)
> Macro factors, including increased
commodity costs $(12) M and the negative
impact of foreign exchange $(7) M also
weighed on the quarter
Business performance:
$(36)M Freight/ operational waste
$(26)M Operating performance
$(52)M Pricing
primarily launch related
$32M Material $(20)M Net material margin
ADIENT
11.2%
$(82)
$(19)
$301
$(13)
$(8)
$(3)
8.0%
Q4 FY17
Futuris
Volume /
Mix
Business
FX/
Performance Commodities
SG&A
Growth
(primarily
Equity Income
Q4FY18
engineering)
Memo:
FY17
>
SG&A efficiencies more than offset by
changes related to insurance and workers
comp accruals and a reduction in service
fee recoveries
Q3
$413
Q2
$398
Q1
$364
13
FY 2018 Fourth Quarter Earnings Call / Nov 9, 2018
Adient Improving the experience of a world in motion
FY18
$344
$411
$355View entire presentation